Jobless deals on tiffany charms
claims creep Tiffany Sets
up During-- --Discuss all the business headlines at this hour is matt
pesto co host a break out onOur partner yahoo!Finance--Always great
to--You. -- --Partner so let's start out with a weekly jobless claims
which came out at about 8:30 this morning numbers cameAndit
362000.That's--Up. 8000 from last weekWhat'sYourTake on --Should--Be
making anything of it. --Absolutely-- even takingUp every ThursdayUp
--Now.Right we're goingTobe in the trench digging downTome but they yet i
tracking down or were at a four--Loved--Take.Mean these things don't
fall--Straight line but if--You know if we see a streak of a few weeks
in a row of these weekly claimsThatthey tendTobe vulnerable they
tendToget revised. ButYou know we're still in the neighborhood we
definitely wantTogetTothe next level --Before becomes.Tradable vance
andThatis goingTobe down in the 325To300000 level but we're still.You
know for all intentsAndpurposes right in the neighborhood --About
350.Still near a four year low as well.Of course we've got a monthly
jobs report coming out tomorrow andThatcould be a big dealWhat are we
expecting at this point well.The consensus estimate is for just over
200000 but there-- some estimates they goUpTo250000. It's always
interestingNow --Seven-- --People-- low price
--Look at the private payrolls only because the government is actually
shrinking itself back down again soThatprivate number
could--275000.Private sector jobs added.What won't change--Economists
get it right will be the unemployment rate which is forecastTostay
stable at--Point 3% so.You know --However even.You know do the mathToget
toThatnumberYou wantToseeThatnumber going down but it's going
to.Probably a little more--Call we had a nice.Almost full percentage
point decline inThatunemployment rate but again the job creation
expectedToalso get a little more choppy.Anda little moreYou know --Shift
a little-- OK let'sToEuropeNow we've got a lot going on their first
--Reese.Has until tomorrow morningTofinalize its debt reduction plan
he's been talking about this throughout the week doesn't look anywhere
likely at this pointThatthe proposal is goingTopass. It doesYou know
GreeceIs the wordno question about it once again we've been held ignore
this story aboutWhat we're seeing over there is --Little drip
by--Reports in terms ofWhat percentage of bondholders.Are
willingToaccept this hair--This second round. Of of a beating ifYou will
on the debt the bondsThatthey own from Greece. The last figure I saw
wasUpTo60%. Which basically meansThatifYou are -- --Losing.This
the--Tough because if the majority. Does voteToswap the bonds then
pushYou get taking all the bombs go whetherYou wantToor not so it looks
like it'sGonna go throw. --The european central bank and--To position
the unexpected has left its key interest rate on change--At a record low
1%What's the implication there.Well itTome it saysThatthey're
confidentThatthey're progressingThatthey don't needToadd.Any more
stimulus or help the market in any way by lowering borrowing costs are
doing other things--That they at least in their opinion for the short
term.Our.You know putting their stock putting their confidence in other
programs.That-- issuing the biggest one the thingThatreally got stocks
going recently wasThatlow cost. Borrowing planThatLT RO isWhat it was
known asThatthey gaveTodozens.Of european banks allowed themToborrow
money really cheap.For three years.Ok switching gears here we have a lot
of news about apple of course yesterday the company launched its
latest-- --And today. We're learning I believe this report from the Wall
Street JournalThatthe feds are accusing the company of collusion with
five. Publishers are packingUp books right how big of a deal is best.
Well it'sYou knowYou never wantTotangle with the Justice Department it's
a distraction forWhat apple really does. I was surprisedTosee Stephanie
looked itUp a good day the American publishers association --
--Institution. TheThatthey.Apple will do over a 150 billion dollars this
year they're ebooks business while growing fat ass.Is
minisculeAndinconsequential.To--It is a distraction but they're being
sued all the time--All kinds accords all over the world.So i wouldn't
really.More about it as an apple investor as a consumer. It might be
good becauseYou know the probable outcome is just settle which
would.Bring the price of books. -- asked forThatnew iPad --What
everybody really wantsTobe --AboutWhat does this do for apple in the
tablet marketAndhow was wall street reacting.What wall street likes
it--A couple of gradesAndmostly positive commentary i just couldn't-- in
a personal basis I'd click remorseYou know I watch say tune in ifYou
will on the web siteTowatch Tim Cook who was --Out thereAndit out so
much of the information so much of that.Products
advances.Andimprovements ifYou -- were leaked in advanceThatI was like
--Man.You know they gotten into the tentAndthey left feeling
--And--What.Where is--Anti climactic yeah.That'sit so well is open for
like an apple TV -- becauseYour writingsAndby the timeThatyeah actually
spoke we knew a lot of the details are ready right were. Right right
andYou know PA EDYou don't --Todraw parallelsTo-- delayed Steve Jobs
butYou know jobs always had had a a rabbitTopull out of the hat
soTospeak.Thatsaid the stock is doing --It didn't sell off on the news
yesterday as-- -- --Frenetic finish more or less flat on the day.Andthey
say -- someUpgrades on their todayWhat will this new iPad 24 already
dominant position in the tablet marketplace where it has about a 60%
market share it will.Probably solidify.It least in the near term they
lowered the price. OnThatthe antique iPadThatformer wide funnel like the
one year old wine yeah.It's obsolete. So the prices gone down
thereWhatTomake -- stiffer but again the 60% market share the remaining
40% there's no competitorThathas more than a 5% slice there so apple is
dominatingAndwill continueTodo so it's a good price with a lot of good
features in this edition of the new faster Internet service for G. --Is
good from a device standpoint but--Gonna. Pose challenges again for the
service providers the ATAndhorizons of the world.Outfits-- -- price I
meanThat'sa pretty expensive tabletAndspeaking of competition Michael
Dell. Revealed yesterdayThathis company is planning a new tabletTolaunch
in tandem with windows eight is this somethingThat-- shakeUp the tablet
market. YesYou know eventually gets -- windows eight comes outYou know
this isWhat it's supposedly the business tablet.Because business is
enterprise. Customers ifYou will still prefer -- use Microsoft because
they can useAndon.All their systems it-- -- soYou know I meanThat'sa
marketThat'sreally are on tap for the tablets so far. ButYou know we're
seeing moreAndmore interest.Andmore more acceptance ofOur iphones by
corporate I T departments.Andtablets.Etc.Andespecially as the price
comes down -- weYou knowYou mentioned the textbook thing.That'sgoingTobe
putting more tablets in the school soThatsort of anotherInstitutional
enterprise market so. Yeah I mean it'sYou know it's not --
--Andcertainly notGonna be the undoing of the iPad and.Saving--You're
watching today Matt.Well i mean--The number-- --Just watch in the stock
market go hire her again the united--Is the word--Interest thing but.You
know we we -- --You know pretty rocky week here but again confidence.
Is in this marketplaceAndfrustration I talked about a probably a week or
so ago. InThatwe've had such a good runUp we hadn't had.That1% selloff
since late in December so we had it OK we move on we bought the market
right backUp again there's still a lot of money.ThatwantsToget inAndbuy
stocksThatat a lower priceThatthey missed the first time around
soThat'sfor giving us some lift here andThatof course in this -- --For
the big jobs number coming out tomorrow. All right Matt nasty
fromOur.Thatnext step fromOur partner Yahoo!Financethanks a lot agri CF
terrorists.